BTC At Risk of More Losses Until It Breaks $3,600 2924

  • Bitcoin price failed near key resistances at $3,600 and $3,620 against the US Dollar.
  • This week’s followed key bearish trend line is in place with resistance near $3,570 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The price may continue to move down unless buyers gain strength above the $3,600 and $3,620 levels.

Bitcoin price struggled to surpass the $3,600 pivot zone against the US Dollar. BTC is currently at a risk of more losses towards $3,480 as long as the price is below $3,620.

Bitcoin Price Analysis

Yesterday, we saw a solid upward move above the $3,560 resistance in bitcoin price against the US Dollar. However, the BTC/USD pair ran into a significant resistance area near the $3,600 and $3,620 levels. There was a rejection pattern formed near the $3,615 level. The price also failed to settle above the 61.8% Fib retracement level of the last drop from the $3,708 swing high to $3,465 low. An intraday high was formed at $3,614 and later the price declined below the 100 hourly simple moving average.

The decline was such that the price traded below the $3,560 level. It tested the 50% Fib retracement level of the recent wave from the $3,441 low to $3,614 high. The current price action is clearly bearish below $3,580 and it seems like there could be more declines. The next stop for sellers could be near the $3,500 level and the 61.8% Fib retracement level of the recent wave from the $3,441 low to $3,614 high. Below $3,500, the price is likely to test the $3,480 and $3,460 support levels. On the upside, there are many barriers near the $3,600 level. Moreover, this week’s followed key bearish trend line is in place with resistance near $3,570 on the hourly chart of the BTC/USD pair.

Looking at the chart, bitcoin price is clearly facing a significant barrier near $3,600 and $3,600. Therefore, it could extend the current decline to $3,480 before a fresh upward move.

Technical indicators

Hourly MACD – The MACD for BTC/USD is now placed heavily in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently placed well below the 40 level.

Major Support Level – $3,480

Major Resistance Level – $3,600

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AvaxTech Passes SolidProof Smart Contract Audit, Enhancing Safety for Avax Investors 1841

The AvaxTech project has recently passed a smart contract audit by the well-respected SolidProof. This milestone adds to AvaxTech’s already impressive track record of providing valuable products for the Avax chain.

The project aims to enhance safety for Avax investors and promote secure investments in the ever-evolving digital landscape. With its team of experts, AvaxTech provides reliable analysis and information for investors.

AvaxTech’s Impact on Avax Ecosystem

The spirit of AvaxTech is to support the Avax community by providing reliable tokens through their products. Monk, the project’s developer, has an extensive background in the cryptocurrency world.

He has worked on over 100 projects related to product development and idea consultancy. Monk’s expertise includes developing bots used by thousands on Telegram, providing Web3 Dapp platforms, and smart contract audits. Many recognize him for his work on meme coins, which he still actively supports.

Monk has now turned his focus to the Avax blockchain and established AvaxTech with the development team. He leads the team in creating and supporting products and platforms for Avax. As a voluntary supporter, Monk offers information support to developers and companies looking to develop on Avax.

Impressively, AvaxTech has detected over 2,000 scam tokens on the Avax blockchain since November 2023. This has raised awareness among thousands of investors and aided in creating a safer ecosystem.

The recent completion of the smart contract audit for AvaxTech by SolidProof further solidifies their reliability. This project lets almost the entire Avax community access trustworthy tokens and trading tools.

How AvaxTech Promotes Secure Investments

The AvaxTech ecosystem features multiple tools to assist investors in making secure investments within the Avax blockchain. One of these tools is the Analyzer Platform, which provides users with an easy-to-read dashboard for all their analysis needs.

This includes analyzing token addresses and wallets for any suspicious activity. It also involves accessing vital information such as market cap, liquidity ratio, risk for honeypot systems, transaction taxes, and more.

All of this information comes from AvaxTech’s impartial third-party engine, giving users a reliable source for project analysis. It is pretty much like having an ID card for a project. This makes it easier for traders to evaluate the potential benefits and risks.

With AvaxTech’s Telegram Analyzer Bot, users can scan for suspicious activity directly through the messaging app. This technology enables quick and easy monitoring of investments on the go.

Furthermore, AvaxTech offers tools such as the New Pair Channel and New Lock Channel on Telegram. The latter can be useful for alerting users to new pair listings and LP lockings in real time.

Lastly, with the Telegram Live Trending feature, users can easily spot trending Avax tokens and gain insights on potential investments. Together, these products make up AvaxTech’s suite of tools promoting secure and informed investments in Web3.

About AvaxTech

AvaxTech is a company founded in November 2023 with the goal of developing products for the Avax chain. With its first product, the Telegram analysis bot @AvalancheAnalyzerBot, AvaxTech gained a wide audience.

The platform has also been pivotal in protecting Avax token investors by detecting 96% of SCAM Tokens.

AvaxTech has become a valuable organization for all Avax communities and investors with its popular web analysis platform, Avaxanalysis.com.

On January 22, AvaxTech launched $ATECH Token, which has utility in its entire ecosystem of products. This project has become a brand within the Avax ecosystem. Nowadays, thousands of investors are using the platform for newly added tokens.

$ATECH Token serves as a payment and utility token in the entire AvaxTech ecosystem, giving it real purpose and utility. Its use is necessary for accessing all products developed by AvaxTech.

Euroclear to invest in IZNES, a leading solution enabling an innovative funds distribution model 2287

Euroclear and IZNES today announce that Euroclear will acquire a stake in IZNES, a pan-European funds marketplace based on blockchain technology. The transaction will be subject to customary closing conditions and regulatory approvals. Financial terms will not be disclosed.

Established in 2017, IZNES is a regulated company operating an international platform for subscriptions and redemptions of shares of European funds, compatible with various distribution channels. IZNES simplifies and harmonises the subscription processes, brings more transparency and provides an improved customer experience both for management companies and institutional investors.

Building on the acquisitions of MFEX in 2021 and Goji in 2023, Euroclear continues to enhance its Euroclear FundsPlace® offering, the end-to-end funds platform solution across mutual and money market funds, alternatives funds and ETFs. Through this strategic partnership with IZNES, Euroclear will complement its funds services on the French market and beyond and continue the delivery of its funds strategy by playing an active role in the development of innovative funds distribution models.

Philippe Laurensy, Head of Product, Strategy and Innovation at Euroclear, said: “Our partnership with IZNES fits with Euroclear’s ambition to innovate and bring efficiency to the financial markets. We are convinced that the mutualisation of data and further automation of processes, supported by digital technologies, have a real potential to reduce the overall cost of funds distribution. IZNES’ solution has already delivered benefits to its users and our partnership is a natural step to broaden its usage at a larger scale.”

Christophe Lepitre, Chief Executive Officer of IZNES: “This operation with Euroclear marks a key milestone in the development of IZNES. We are convinced that together we must continue to build innovative solutions that make the most of blockchain technology for the greater benefit of our customers. IZNES and its shareholders are delighted at this prospect.”

About Euroclear

Euroclear group is the financial industry’s trusted provider of post trade services. Guided by its purpose, Euroclear innovates to bring safety, efficiency and connections to financial markets for sustainable economic growth. Euroclear provides settlement and custody of domestic and cross-border securities for bonds, equities and derivatives, and investment funds. As a proven, resilient capital market infrastructure, Euroclear is committed to delivering risk-mitigation, automation and efficiency at scale for its global client franchise. The Euroclear group comprises Euroclear Bank, the International CSD, as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden, Euroclear UK & International.

About IZNES

IZNES is the first European blockchain-based fund marketplace. IZNES offers a disruptive alternative to traditional fund distribution channels and allows asset owners to subscribe directly to all types of funds from asset managers. The use of IZNES’s blockchain technology improves operational efficiency and offers to institutional investors and asset managers an optimal level of security and IT resilience. IZNES is a regulated investment firm authorized by the ACPR and supervised by the AMF. Its services are passported in Luxembourg, Ireland, Germany, Austria and Belgium.

This project launched 3 new products in a week! 3457

Yet another time, when Isotopic manages the incredible. While other projects display roadmaps stretching years in the future even for a simple Minimum Viable Product, Isotopic abolishes its own, as the graphic designer cannot keep up with the development team!

Last week, Isotopic announced the release of its Asset Store, which also came with a complete revamp of the Game Store’s interface. Now, the release of the Isotopic SDK is made public, and with it, support for Cross-Game rewards. So what is Isotopic, and how does this project keep on building so many solutions, working with over 260 live game titles?

A gaming platform for all needs – Already LIVE!

Browse unlimited games for all platforms on the Isotopic Game Store, discover new games through video content on Isotopic Shorts, and gather all of your favourite games in one place with the Isotopic Client.

Create your very first videogame with 3D models from the Isotopic Asset Store, connect your own games with the Isotopic ecosystem using the Isotopic SDK, and seamlessly blend with other Game Universes, using Isotopic Cross-Game Assets.

Just head over to store.isotopic.io where you’ll find the whole ecosystem!

The main goal of isotopic – Own your games

In an ever-growing market of Indie Games, it becomes inefficient and expensive to browse and try out new games that end up sitting in your library without use.

Isotopic arrives to give you control of your game library, allowing you to truly own your game copies, which can be traded, exchanged, or otherwise repurposed! Tokenized game licences create a new economy with active exchange of game copies between users.This empowers small creators to reach wider audiences and show their talent, while gamers unlock new experiences for minimal cost.

The latest releases and future of isotopic

It’s been 3 months into 2024, and already Isotopic’s ecosystem has expanded to nearly double. But in just a week apart from first to last, 3 new solutions see light.

The Isotopic Asset Store, brings a marketplace for game development assets including 3D Models, prefabs, sounds, effects, and scripts. With the release of the Isotopic SDK, game developers can now integrate the Isotopic Ecosystem into their games, allowing things like login, Cloud Saves, and access to the third solution, Isotopic Cross-Game Assets. Now developers can add rewards into their games, which can transcend game worlds, and users who own them can use them in multiple different games.

So what is in the future of Isotopic? All of the solutions in the Isotopic Ecosystem are only set to grow even more from now on, with new updates, releases, and developments going live rapidly! Collaborations with gaming projects are in the works, and mean users will get the chance to earn exclusive items and games, so if you are interested in that, you should join the Isotopic Community!

Bullish performance sets new ATH for Pop Social’s AI SocialFi multi-chain token PPT 3504

The Popular Multi-Chain AI SocialFi Project, Pop Social, Celebrates Bullish Rally for $PPT Setting New ATH of $0.51 on Bybit in Under 24 Hours.

The rapid growth of the Web3 SocialFi sector bursts through as Pop Social, the leading multi chain AI SocialFi project, emerged triumphant when its native token, $PPT, surged to unprecedented heights, setting a new all-time high (ATH) of $0.51 in under 24 hours. Indeed, the popularity of the largest SocialFi project on the BNB Chain is evident by this incredibly bullish performance from the platform’s native Pop Token ($PPT).

To highlight, $PPT saw a remarkable upward momentum where the asset witnessed a staggering surge from $0.26 to $0.51 in under 24 hours. In particular, for the $PPT Community Sale Round 1 participants, their $PPT value is up by 300%. Furthermore, this move was accompanied by a significant increase in trading volume, surpassing $8,000,000, again setting new records for the AI SocialFi project.

As a founding cohort on the opBNB Chain, Pop Social began its journey to onboard the next billion users to Web3. So far, the multi-chain platform has unveiled bridges to other thriving blockchain ecosystems like Polygon, Linea, Blast, Ethereum, and others, thus inviting more.

Users across multiple chains to leverage the creator economy on Pop Social. The latest initiative from the Pop Social team to enhance the Web3 SocialFi experience includes NFT Bridging from Ethereum to the BNB Chain to alleviate high gas fees for its users.

Over the last month, Pop Social set a series of impressive milestones, including surpassing 500,000 registered users on the Pop DApp and establishing ecosystem partnerships with over 100 esteemed organizations. Pop Social also saw an exponential surge in content creation, celebrating the 17 millionth to the 20 millionth unique content in a matter of weeks. With over 20 million unique content creations and counting, Pop Social continues to witness unprecedented demand for SocialFi within the Web3 ecosystem.

At the heart of the Pop Social Ecosystem lies its cutting-edge AI technology, which powers AI Creator Tools aimed at eliminating the barrier to creation. By monetizing time and tokenizing innovation, Pop Social offers users an equitable and transparent platform to unleash their creativity and tap into a thriving economy. With strategic partnerships with industry leaders such as ChatGPT and SORA, Pop Social is poised to unveil its AI-powered creator tools, chatbot, and unrivaled algorithms, further solidifying its position as a trailblazer in the Web3 landscape.

After dedicated months towards building the ultimate AI Social platform to simplify the onboarding process to Web3, Pop Social has become a flourishing ecosystem for content creators and consumers worldwide. The ecosystem also boasts GameFi elements such as account level-ups, equipping dynamic Accessory NFTs, and opening Treasure Chests to keep their users delighted and pleasantly engaged. Join the Pop Social Community now and dive into the endless possibilities of AI and SocialFi on Web3.

Solmedia Becomes First To Integrate Solana And Filecoin On Their Censorship-Resistant Platform 3991

Solmedia, a decentralized content-sharing platform, has announced that it has successfully become the first to integrate the Solana blockchain and the latest Filecoin on-chain InterPlanetary File System (IPFS) technology. With the support of its native token $MEDIA, users will now be able to leverage Solana’s high-performance blockchain architecture and Filecoin’s decentralized storage capabilities within its censor-resistant ecosystem. The move will ensure that users’ content remains secure and tamper-proof against unauthorized access or manipulation.

In a statement to the press, a senior representative for the company said, “Our mission at Solmedia has always been to uphold the principles of free speech and transparency in the realm of Web 3.0. By harnessing the power of Solana and Filecoin alongside the $MEDIA token, “We aim to help users evade propaganda and censorship by having absolutely zero control over their data and content-sharing experiences”.”

Integrating Solana and Filecoin with the ecosystem is aimed at helping users access the lightning-fast transaction speeds and low fees at Solana, coupled with Filecoin’s decentralized storage network, to make their content-sharing experience more seamless.

He went on to add, “Whether it’s uploading, streaming, or accessing content, users can expect swift and uninterrupted access to their favourite media on the Solmedia platform. Through the $MEDIA token, users can also actively participate in shaping the future of online content. The community-driven approach to media consumption is in line with its core philosophy of zero censorship so an environment can be achieved where diverse voices can flourish without fear of suppression or bias.”

As the first decentralized content-sharing platform to achieve the milestone, the company is looking to challenge the dominance of big tech corporations in the digital space.

He continued. “By providing a secure, censorship-resistant platform for content creators and consumers alike, Solmediawants to play its part in building the emerging Web 3.0 ecosystem. The $MEDIA token is the cornerstone of Solmedia’secosystem and will facilitate transactions, incentivize community engagement, and reward content creators for their contributions.”

Content creators interested in learning more about Solmedia and the $MEDIA token can visit the website today and check out their white paper.

About Solmedia

Solmedia is a decentralized content-sharing platform built on the Solana blockchain. Solmedia is a decentralized content-sharing platform on the Solana blockchain being the first to confidently ensure a secure on-chain video streaming experience for content creators and consumers across Web 3.0.

Website: https://sm.network
Twitter: https://x.com/SolMediaTech
Telegram: https://t.me/SolMediaTech
Whitepaper: https://whitepaper.sm.network

Walletry – on the wave of technological progress 4408

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The Walletry crypto wallet team constantly introduces new and proven technical solutions aimed at increasing comfort and protection for its users. Let’s talk about some of them.

First of all, it is worth highlighting the use of cross-chain bridges, which allow traders to change assets from different blockchain ecosystems. The internetwork exchange is based on a smart contract, it takes place quickly and is not subject to additional fees.

Walletry developers pay special attention to the aspects of security and reliability. When creating a wallet, a Seed phrase consisting of 12 English words is generated. It, together with the private key, provides access (return of access) to the assets stored on it. Two-factor authentication (2FA) is used, when in addition to the password, when logging into your account, you need to enter a code that will additionally be sent to your smartphone or e-mail.

And yet, development of a version of the crypto wallet for personal computers has already begun. It will be no less convenient than that available for mobile devices.

One thing is obvious. The Walletry team still has many tasks to solve, because its global goal is to make the project one of the most innovative and in demand.

Walletry: https://walletry.ai/

 

Disclaimer: This is a Press release. The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of our website. We does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.